who received ppp loans in milwaukee

Echo Lake Foods (Burlington) $7.4 million. $39,650 PPP Loan Hmong Hope Lutheran Church Milwaukee, WI. The Paycheck Protection Program (PPP) has provided U.S. small businesses and their employees an essential lifeline during the COVID-19 pandemic. J. W. Speaker Corp. … Grace period: New borrowers may access a grace period of up to 6 months for greater financial flexibility. Business Name. Among them are Republican Assembly Speaker Robin Vos … Some got $100, while others received millions. $673,840 PPP Loan Trinity Community Church Brown Deer, WI. Which southeast Wisconsin manufacturers received largest PPP loans? Pate Trucking Co., 6510 70th St. Those loans accounted for 75 percent of those handed out. The PPP is a federal program of loans that could be forgiven if the businesses receiving them used at least 60% of the money to cover payroll costs. For those loans below $150,000, the SBA didn’t release the business names or addresses. 20,833.00 (20,833.00) 1: Beauty Salons (Self-Employed Individuals) ... That's why we published PPP loan data. Like any large-scale government funding program, however, it has also created the potential for fraud and abuse. For those loans below $150,000, the SBA didn’t release the business names or addresses. Businesses receiving PPP loans less than $150,000 are excluded. As part of the Paycheck Protection Program, the federal government has provided hundreds of billions in financial support to banks to make low-interest loans to companies and nonprofit organizations in response to the economic devastation caused by the coronavirus pandemic. Statement from the DOR: "WI law allows businesses who received PPP loans to exclude the loan amount from their income tax. The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. US Rep. Mark Pocan (D-Town of Vermont) also received a $44,500 PPP loan, the Journal Sentinel reported. Debate on the legislation Tuesday focused on a late addition to the bill — a tax deduction for businesses that received money through the federal Paycheck Protection Program (PPP). The following list comprises the 14,363 law firms that received PPP Loans, as well as the amount they were given and the jobs they reportedly retained. Parkhill Smith and Cooper, 4222 85th St. But it appears many schools are keeping the PPP payouts. 600-plus Lubbock employers receive large PPP loans Matt Dotray 7/7/2020. These local businesses reported an average of 7 employees (compared to this company's 236) and received an average PPP loan of $53,439 (compared to this company's $2M) . At least one of the schools that received a PPP loan, Milwaukee College Prep, told the Examiner that it had returned the money. He is scheduled to be sentenced in July 2021. Milwaukee PPP loan fraud cases may be initiated by employees of banks who disperse PPP funds in Milwaukee, employees of companies who have received CARES Act aid in Milwaukee, or any other individual who has inside information on a PPP loan fraud case originating in Milwaukee. A.B. As of April 11, nearly 78,000 Wisconsin small businesses and nonprofits have received PPP loans totaling more than $3.9 billion this year—and the average size of a PPP loan in Wisconsin has dropped from $110,000 in 2020 to just over $50,000 in 2021. $6,091 PPP Loan Risen Savior Evangelical Lutheran Church & School Milwaukee, WI. The U.S. Small Business Administration (SBA) information shows there … Shalonda Nelson is a limited liability company (LLC) located in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in January, 2021. The case was brought in Milwaukee, Wisconsin. BizTimes Media broke down the SBA’s data to highlight southeast Wisconsin’s top 44 PPP loan recipients, all of which received loans between $5 million and $10 million. More than 1,600 businesses in the state received loans of at least $1 million. Wisconsin has about 12,355 small to medium size businesses that received PPP loans in excess of $150,000. In the Milwaukee area, 99 businesses in the " Beauty Salons " industry received a PPP loan. Get more news and insight in the April 27 issue of BizTimes Milwaukee… Nationally, the average loan is $53,000 and that has declined by more than $34,000 since January. Mr. Smith pleaded guilty to one count of bank fraud. ... Milwaukee. Address. MetalTek International (Waukesha) $10 million. The Marcus Corp. applied for the Paycheck Protection Program on behalf of many of its companies including Hilton Milwaukee City Center, which received funds through the program,. The list is … Use our searchable database to see who in Wisconsin received funds. The U.S. Treasury Department on Monday released the numbers for the businesses that received a PPP loan through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Partnerships, Equity & the CDFI Way: How 159 Midwest nonprofits received PPP loans through IFF October 12, 2020 Nonprofit PPP recipient supports essential community health workers – UniteMKE, Milwaukee The Milwaukee Journal Sentinel’s Patrick Marley has a story on four Republican legislators who will benefit if state taxes are not collected from businesses that received a federal Covid-19 relief loan. July 6, 2020. Gehl Foods (Germantown) $7.3 million. The company has reported itself as a Black or african american female owned business, and employed at least one person during the applicable loan loan period. MILWAUKEE (SPECTRUM NEWS) — More than 85,000 Wisconsin companies and nonprofits received some sort of award from the Paycheck Protection Program. The Milwaukee Teachers Education Association (MTEA) used a publicly available database of SBA loans to compile a list of 72 privately run (but publicly funded) Milwaukee schools that received a total of between $35.2 million and $85.2 million in PPP funds. Milwaukee, WI. Twin Disc (Racine) $8.2 million. About 500,000 Minnesotans are in line to get money back from the tax break on the first $10,200 of 2020 unemployment benefits. “Borrower status is often tied to size, and size is often tied to race, so this is all interconnected,” says IFF CEO Blowing the whistle on PPP loan fraud. Those loans accounted for 75 percent of those handed out. Wisconsin Republicans approve cutting taxes for businesses that received PPP loans. The Small Business Administration has released a list of businesses that have received emergency pandemic loans. Businesses in Wisconsin. Search for PPP loan applications by organization, lender, zip code and business type. This data comes from the Small Business Administration, and includes lender-approved loans under the Paycheck Protection Program as of March 3, 2021. Other loan programs, such as Economic Injury Disaster Loans, are not included in this database. MILWAUKEE — New information shows a large racial gap in how Paycheck Protection Program (PPP) loans were distributed. DATA, LTD. 600 A B DATA DRIVE. Based on the data, between $7,422,447,822 and $14,417,947,822 have been loaned through the Payroll Protection Program to businesses in Wisconsin. Loan Amount. Covered Period and continues for either (a) eight weeks, in the case of a borrower that received its PPP loan before June 5, 2020 and elects to use an eight-week Covered Period, or (b) 24 weeks, in the case of all other borrowers. The following businesses have been approved for loans through the Paycheck Protection Program. Businesses in Wisconsin. Summary of PPP Loans in Wisconsin A total of 85,462 loans were distributed to Wisconsin leading to a reported 999,007 jobs being retained. ... 7717 Milwaukee Ave., Suite 500. $17,525 PPP Loan Soles For Jesus, Inc Milwaukee, WI. Oh, wait, now it’s six, including Congressman Mark Pocan (D-WI2) in the updated story, who have benefitted from the Paycheck Protection Program (PPP) loans. Search Paycheck Protection Program loans given to Wisconsin businesses July 6, 2020 Search a database of Wisconsin businesses that received loans through the Paycheck Protection Program, part of the federal aid in response to the coronavirus pandemic. More than 1,600 businesses in the state received loans of at least $1 million. The following businesses have been approved for loans through the Paycheck Protection Program. Search a database of Wisconsin businesses that received loans through the Paycheck Protection Program, part of the federal aid in response to the coronavirus pandemic. In Wisconsin, 102 companies received loans of between $5 million and $10 million, including the Milwaukee law firms Von Briesen & Roper and Godfrey & Kahn. MILWAUKEE, WI 53217. $243,275 PPP Loan Berea Lutheran Church Milwaukee, WI. The Wisconsin companies that got the largest PPP loans: Business Name. More data: Dig into salaries, education, weather and more with WISCONSIN DATA ON … In order to provide transparency, the newly released data showcases all the businesses that received more than $150,000 in PPP loans. A total of 5,000 lenders nationwide offered the PPP and approximately 1.6 million loans were approved nationally. City. “Roughly speaking, for every $100,000 in PPP loans that have been taken out, our members could see anywhere from $6,000-8,000 of increases on … Thomas Smith was charged with bank fraud and money laundering. At least eight legislators or their families have an ownership stake in businesses that received PPP loans, records show. A searchable database of federal 2020 Paycheck Protection Program loans. Wisconsin businesses that received loans in the $5-10 million range reported 150 to 500 employees would be kept through the loan, with the exception of … Wisconsin has about 12,355 small to medium size businesses … Therefore, the PPP loan is … Wisconsin has about 12,355 small to medium size businesses that received PPP loans in excess of $150,000. The Government alleged that Mr. Smith submitted fraudulent loan applications and obtained over $1 million in COVID-19 relief funds. Contact us with comments, questions or tips. Tracking PPP. Some of the Milwaukee-area's most notable real estate and law firms were among companies that received loans worth more than $1 million through the Paycheck Protection Program. IFF tried to interrupt the unjust patterns we sawby offering equal PPP access to all nonprofits – regardless of their size or borrower status. $14,900 PPP Loan Additionally, borrowers that received PPP loans but have since return it, are also excluded. Larger loans: The maximum loan on the Kiva platform will increase from $10,000 to $15,000. In Wisconsin, 102 companies received loans of between $5 million and $10 million, including the Milwaukee law firms Von Briesen & Roper and Godfrey & Kahn. Eight state legislators, six Republicans and two Democrats, received PPP loans for their or their families’ business ranging from $18,000 to $298,000, according to a Milwaukee Journal Sentinel analysis. The purpose of PPP was to save jobs in the face of business closures and economic loss. In its application, a business was required to report how many full-time or equivalent employees would be laid off if the loan was not approved. MADISON - The Legislature's budget committee agreed Wednesday to … Organizations, like Appleton-based St. Francis Xavier Catholic School System ($2-5 million) and Family Services of Northeast Wisconsin ($2-5 million) were among 867 non-profit organizations that received loans. A dozen non-profit child care centers also received loans of $150,000 and more.